This bill aims to revise the laws governing state-funded tourism promotion through the Department of Commerce. It mandates that the Department utilize the revenue generated from the lodging facility use tax specifically for designated purposes. Additionally, the bill proposes the transfer of funds from the Department's lodging facility use tax allocation to support the revolving loan program account, thereby enhancing financial resources for tourism-related initiatives.

Furthermore, the bill introduces a fee structure and grants rulemaking authority to the Department of Commerce to implement these changes effectively. It also includes amendments to Section 15-65-121 of the Montana Code Annotated (MCA) to reflect these updates, ensuring that the management of tourism promotion funds aligns with the state's strategic goals.

Statutes affected:
SB0540_1.pdf: 15-65-121
SB0540_2.pdf: 15-65-121
SB0540_3.pdf: 15-65-121
Amended: 15-65-121
Introduced: 15-65-121